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EuroGroup Laminations S p A : THE BOARD OF DIRECTORS APPROVES FY2024 RESULTS AND THE NEW STRATEGIC PLAN
EuroGroup Laminations S p A : THE BOARD OF DIRECTORS APPROVES FY2024 RESULTS AND THE NEW STRATEGIC
About this update from Eurogroup Laminations S.p.a
[{"type":"text","content":"\n \n THE BOARD OF DIRECTORS APPROVES FY2024 RESULTS AND THE NEW STRATEGIC PLAN\n \n \n Revenues up (+4%) YoY, Adjusted EBITDA at € 116 million, net profit at € 37 million, proposed dividend distribution at € 0,042 per share\n \n Q4 2024 up YoY, with revenues of €220.3 million (+15% vs. Q4 2023) and adjusted EBITDA of €33.9 million (+3%), driven by the contribution of the EV & Automotive segment\n Consolidated revenues for 2024 amounted to € 869.4 million (+4% compared to € 835.9 million in 2023), supported by the strong growth of the EV & Automotive segment (+18% YoY)\n Adjusted EBITDA for 2024 stood at €116 million, in line with 2023, despite higher start-of-production and ramp-up costs incurred during the year\n Net profit for 2024 was €37 million (€39 million in 2023), after higher depreciation costs by € 11 million\n Net financial debt (post IFRS 16) as of December 31st 2024 amounted to €226 million (€111 million as of December 31, 2023), reflecting investments related to new EV & Automotive production lines, the acquisition of Kumar, and the completion of the share buyback\n Proposed dividend of € 0.042 per share, in line with 2023\n Solid EV traction order backlog1 and pipeline, amounting to €5.3 billion and €4.8 billion, respectively\n 2025 Guidance: in a dynamic market context marked by volatility and new challenges, EGLA expects continued revenue growth and stable EBITDA, driven by the EV & Automotive segment and the development of the Indian market. The Group also anticipates positive Operating Free Cash Flow, supported by stabilized investments and the execution of working capital efficiency program.\n Group revenues expected to grow by approximately 10% YoY\n Adjusted EBITDA margin expected around 12%\n Capex of approximately € 70 million, primarily allocated to completing the EV & Automotive growth plan\n Positive Operating Free Cash Flow, driven by reduced investments and optimized net working capital\n To better reflect the evolving business landscape, effective January 1st, 2025, the EV & Automotive segment will be renamed \"E-Mobility Solutions\", encompassing the expanded range of technologies aimed at electrifying mobility. The Industrial segment will be renamed \"Home & Industrial Solutions\" to better represent its core end markets, including the new \"Infrastructure Solutions\" ...